The move should help allay capital concerns at the nation's
No. 1 mortgage lender.

Percival said in an interview that, with the central bank's
approval, Caixa's regulatory capital ratio - the amount of
capital that regulators require a bank to hold - could jump by
1.3 percentage points.

Reuters reported on July 22 that the central bank was close
to approving the plan under steps to implement Basel III capital
requirements, but was still deciding where on Caixa's balance
sheet to book them.